Sempra posts Q3 2026 earnings beat, lifts EPS guidance and announces 20% boost to Oncor capital plan
Sempra reported third‑quarter 2026 GAAP earnings of $877 million, or $1.34 per diluted share, and adjusted earnings of $917 million, or $1.40 per share, surpassing analyst expectations. The company raised its 2026 adjusted EPS outlook to the top of its $4.80‑$5.30 range and reaffirmed a 2027 range of $5.10‑$5.70. It also disclosed a planned 20% increase to Oncor’s base capital plan and said the sale of a 45% stake in Sempra Infrastructure Partners is expected to close within two weeks.
Why it matters
The earnings beat and higher guidance, noted by the company in its press release, suggest stronger profitability than forecast, which could support the stock price (the company raised guidance). The 20% capital‑plan increase signals higher future capex in Texas, potentially boosting cash‑flow needs. Completion of the 45% stake sale will recycle capital and allow debt reduction, as the CEO indicated.
Key facts
- 1GAAP earnings were $877 million, or $1.34 per diluted share for Q3 2026. prnewswire.com
- 2Adjusted earnings were $917 million, or $1.40 per diluted share for Q3 2026. prnewswire.com
- 3Revenue for the quarter was $3.19 billion. finance.yahoo.com
- 4Adjusted EPS guidance for 2026 was raised to $4.80‑$5.30 per share. seekingalpha.com
- 5Adjusted EPS guidance for 2027 was reaffirmed at $5.10‑$5.70 per share. rttnews.com
- 6Oncor’s base capital plan is expected to increase by approximately 20%. prnewswire.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.